Common use of Tailings and Residues Clause in Contracts

Tailings and Residues. All tailings, residues, waste rock, spoiled xxxxx materials, and other materials (collectively “Materials”) resulting from Operator's operations and activities on the Property shall be the sole property of Operator, but shall remain subject to the Royalty should the same be processed or reprocessed, as the case may be, in the future and result in the production of Precious Metals or Other Minerals. Notwithstanding the foregoing, Operator shall have the right to dispose of Materials from the Property on or off of the Property and to commingle the same with Material from other properties. In the event Materials are processed or reprocessed, as the case may be, the Royalty payable thereon shall be determined on a pro rata basis as determined by using the best engineering and technical practices then available.

Appears in 4 contracts

Samples: Royalty Purchase Agreement, Royalty Purchase Agreement (Dorato Resources Inc), Royalty Purchase Agreement (Dorato Resources Inc)

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Tailings and Residues. All tailings, residues, waste rock, spoiled xxxxx materials, and other materials (collectively “Materials”) resulting from Operator's an Owner’s operations and activities on the Mineral Property shall be the sole property of Operatorsuch Owner, but shall remain subject to the Royalty should the same be processed or reprocessed, as the case may be, in the future and result in the production of Precious Metals or Other MineralsProducts. Notwithstanding the foregoing, Operator the Owners shall have the right to dispose of Materials from the Mineral Property on or off of the Mineral Property and to commingle the same with Material from other properties. In the event Materials are processed or reprocessed, as the case may be, the Royalty payable thereon shall be determined on a pro rata basis as determined by using the best engineering and technical practices then available.

Appears in 1 contract

Samples: Royalty Agreement (Paramount Gold & Silver Corp.)

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